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hap seng plantations hldgs (HAPL) Details

Hap Seng Plantations Holdings Berhad, an investment holding company, engages in the cultivation of oil palm and processing of fresh fruit bunches in Malaysia. The company’s estates cover an area of approximately 39,803 hectares, including a contiguous block of plantation land of 36,354 hectares between Lahad Datu and Sandakan region; and 2 smaller plantations of 1,276 hectares in Tawau and 2,173 hectares in Kota Marudu. As of December 31, 2014, it had 35,684 hectares of planted area. The company was incorporated in 2007 and is based in Kuala Lumpur, Malaysia. Hap Seng Plantations Holdings Berhad is a subsidiary of Hap Seng Consolidated Berhad.

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Hap Seng Plantations Holdings Bhd Reports Production Results for the Month of June 2015

Jul 8 15

Hap Seng Plantations Holdings Bhd reported production results for the month of June 2015. For the month, the company reported fresh fruit bunches of 50,822 tonnes. Crude palm oil was 12,020 tonnes. Palm kernel was 2,496 tonnes.

Hap Seng Plantations Holdings Bhd Reports Production Results for the Month of May 201

Jun 9 15

Hap Seng Plantations Holdings Bhd reported production results for the month of May 2015. For the month, the company reported fresh fruit bunches of 52,903 tonnes. Crude palm oil was 13,275 tonnes. Palm kernel was 2,939 tonnes.

Hap Seng Plantations Holdings Bhd reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the period, the company’s net profit plunged 49% to MYR 21.49 million from MYR 42.23 million a year ago, due to low palm oil prices, lower sales of palm kernel and higher production costs. Revenue dropped to MYR 113.81 million from MYR 138.43 million previously, was 18% lower than the preceding year corresponding quarter. Profit before tax was MYR 29,079,000 compared to MYR 57,377,000 a year ago. Basic earnings per share were 2.69 sen compared to 5.28 sen a year ago. Net cash generated from operating activities was MYR 19,056,000 compared to MYR 46,886,000 a year ago. Purchase of property, plant and equipment was MYR 6,868,000 compared to MYR 5,993,000 a year ago. Additions to biological assets were MYR 294,000 compared to MYR 1,274,000 a year ago.

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